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Author Topic: reasons to buy from individual?  (Read 4098 times)
noictib
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August 19, 2016, 01:21:55 AM
 #81


What are the possible reasons why someone will prefer to buy btc or any other crypto to someone from the forum particularly than on the exchange sites?
only someone not all person prefer for individual exchange . i think exchange sites are better platform to exchange but to store money at exchange site is not safe so someone prefer for this .
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August 19, 2016, 03:20:51 AM
 #82

Although I prefer buying crypto coins from exchanges, I still feel that buying from individual is much better. You don’t have to create new account, no need to submit verification documents (well how can we stay anonymous for exchanges if we are giving our identity documents) so buying from individual gives you real sense of crypto that is anonymity. You can negotiate on price with individual which is not possible on exchanges. These are the benefits especially if amount is larger and since I usually buy in smaller amounts, I buy from exchanges.
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August 19, 2016, 05:05:35 AM
 #83

i think it is faster to buy from individual and you don't have to give that much info to him
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August 19, 2016, 08:37:47 AM
Last edit: August 19, 2016, 08:49:02 AM by PremiumCodeX
 #84

By following the discussion, I realized there is a small confusion about what the more cost-effective method is: exchanges or individuals.

It seems to me that in the prices of small amounts and safety the exchanges are better.

Individuals may be better in the prices of large amounts ( because of the negotiation possibility ) and protecting your anonymity.

It is up to you to decide what the more important attributes are for you: fine prices on small amounts - funds safety OR negotiation ability - anonymity.

Some people often find doing transaction with individuals faster, but being cautious is always advised especially if the provider wants to get you do the transaction REALLY fast ( like it was in hurry ). Feel free to add more to these arguments!

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August 22, 2016, 02:00:51 AM
 #85

i think it is faster to buy from individual and you don't have to give that much info to him

Yes, that is true. Mainly people buy from individuals primarily for some reasons they don't want to share their personal details to buy bitcoins either through bank or any other ways people can track. But if we want to buy faster nowadays there are places we can buy almost instantly with bank accounts, so I think the main reason is they want to hide the identity.
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August 22, 2016, 02:24:29 AM
 #86

i think it is faster to buy from individual and you don't have to give that much info to him

Yes, that is true. Mainly people buy from individuals primarily for some reasons they don't want to share their personal details to buy bitcoins either through bank or any other ways people can track. But if we want to buy faster nowadays there are places we can buy almost instantly with bank accounts, so I think the main reason is they want to hide the identity.
It is also cheaper. When you buy at a paid website then they need their investment back so they put larger price in their items. Same with exchanges. Altcoins and bitcoin have a larger price compared when you buy in a person where you could talk where the price is just at the middle of the buy and sell price.
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November 04, 2016, 06:51:41 AM
 #87


What are the possible reasons why someone will prefer to buy btc or any other crypto to someone from the forum particularly than on the exchange sites?
There are Only Two Reasons Of Buying Bitcoins From Individuals On Forum or Personally:-
1) First If all We Don't Need any Identity Verification If we Want to Buy Bitcoins Online and Buy From Individuals....
2) Then It is Much Safer and Cheaper if You Buy Bitcoins From Your Known Bitcoin Exchanger.....

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November 04, 2016, 09:35:00 PM
 #88

If you buy from a site like coinbase, you have to give them a lot of private information and a bank account. However, if you buy from an individual, you may be anonymous depending on the situation.

 
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November 04, 2016, 10:54:23 PM
 #89

i am not prefer to buy btc from person in the forum without seeing that person have a good reputable because i don't want to make trouble to get scam. i am prefer to buy bitcoin with my friend that always ready stock to buy and sell bitcoin and so far its a safe way for me.

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November 04, 2016, 11:56:32 PM
 #90

Frankly, I prefer buying from exchanges as well. They're relatively safer, certainly less of a hassle and incredible fast.
Especially with my local exchange where I buy directly from the exchange, no need to look for p2p. The prices are steady and support is very responsive.
Of course, there are cons, as there always is. I had to verify. (No choice really as the service was really convenient and choice was limited if not nonexistent, especially if I also to wanted convert to fiat.)  Cry Cry  Cry

Anyway, possible reasons  I can see that would make me buy from an individual:
1. Trust - If I personally knew the person or is recommended by someone I really trust.(not about reputation or forum trust)
2. Price - there's just no possibility of a discount with high volume buys from exchanges.
3. Convenience - if we both could agree on favorable/easy enough terms. (where to send,what to use)
4. Step 1 is a must.

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